Best Import Export Code

• July 20, 2023
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Everybody wants to expand their firm beyond the confines of their home market in the current climate of intense competition. Unfortunately, not everyone enjoys conducting business internationally. You must adhere to a number of rules and regulations before traveling abroad, as well as get a number of registrations and licenses. An IEC (Import Export Code) license is one requirement for importing or exporting from India. A different name for it is the Importer-Exporter Code. Importer-Exporter Codes (IEC) are important corporate identifiers needed when importing into or exporting from India. No person may export or import without first obtaining an IEC, unless specifically exempted. IEC is not necessary for service exports, nevertheless, unless the service provider is obtaining benefits under the Foreign Trade Policy. Since the implementation of GST, the IEC and PAN for the company are the same. However, the IEC will continue to be issued independently by the DGFT based on an application.

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